Petroleum levy

In a significant policy shift aligned with the International Monetary Fund (IMF)'s Extended Fund Facility, the Government of Pakistan plans to increase the Petroleum Development Levy (PDL) on to over Rs. 100…

There were reports that fuel prices in Pakistan were coming down by up to Rs. 8 per liter, but yesterday, very late at night, the Finance Ministry announced that the prices would remain unchanged for the next…

Pakistan is gearing up for yet another increase in petroleum product prices, a development that could further exacerbate the ongoing economic challenges faced by the nation. The impending price hike is…

A couple of days back, Finance Minister Muhammad Aurangzeb, in his budget speech, proposed (now passed) a substantial surge of Rs. 20 per liter in petroleum levy inflicted on petrol and diesel, and it was…

The federal government has once again reduced the petrol price in Pakistan today by Rs. 10.20/liter. The new prices will be implemented for the next fortnight, starting June 15, 2024. After the latest revision,…

Are the petrol prices in Pakistan going to observe another steep hike in the coming days or weeks? Well, apparently, it seems possible. According to media reports, during the ongoing talks for the new…

After two consecutive cuts in petrol prices, the federal government is a victor till date. But unfortunately, this win in terms of lowering the fuel prices is near to die soon. Suffice it to say, the incumbent…

It’s only day five of 2022, and the second petrol news is already here. After the government increased petrol prices on New Year, the Federal Board of Revenue (FBR) has increased the sales tax on petroleum…

While everyone was getting excited about the new year, the government took the excitement away with another hike in petrol prices. We did anticipate what was going to happen. But the price increase hurt just…

Only a few days ago, the government did a comforting thing for the public. PM Imran Khan reduced sales tax on petroleum products from 17% to 0, giving up on hundreds of billions of tax money for public relief.…

In the budget 2018-19, the government proposed many recommendations for the automobile sector; many were hailed by the consumers and other stakeholders while some were harshly criticised such as the increase in…